June 21 (Cointime) - Bitcoin (BTC) reached a high of $29,014 on Bitstamp, its highest since May 7, due to continued buyer interest and multiple announcements regarding new Bitcoin-focused institutional investment products. Analysts believe that this breakout beyond the multi-month downtrend is a cause for a modest rethink and that it is very unlikely to end up as an upside wick like in previous months.

June 21 (Cointime) -With bitcoin nearing $29,000, Wall Street is once again interested in cryptocurrencies. Other cryptocurrencies posted strong gains on Wednesday. The potential involvement of large financial institutions in the crypto space has investors looking forward to it.

June 21 (Cointime) - Bitcoin is currently trading at around $29,000, boosted by a surge in Bitcoin ETF applications. The cryptocurrency's price has risen to $28,870 from a low of $26,700 in the previous 24 hours and has increased by 11% over the past week. Other high market cap cryptocurrencies, including ether and cardano, have also seen gains in the last 24 hours. The recent surge in prices has resulted in a global crypto market capitalization of $1.178 trillion.

June 21 (Cointime) - In the past 24 hours, Ethereum's value has risen by 4.8%, following a market-wide recovery led by Bitcoin, which saw a surge of over 7%.

June 21 (Cointime) - Investors are preparing for Bitcoin's fourth mining reward halving, which is set to occur in April 2020 and will reduce the pace of supply expansion by 50%. Deribit, the world's largest crypto options exchange, has decided to list June 2024 expiry futures and options a week early to meet user demand.

June 21 (Cointime) - Bitcoin has experienced a significant recovery, reaching almost $29,000 and resulting in around $155 million in liquidations, with short positions making up the majority. The cryptocurrency has been performing well since BlackRock filed to introduce a BTC Spot ETF in the US.

June 21 (Cointime) - Peter Brandt, a veteran trader who predicted the 2017 Bitcoin collapse, is reaffirming his belief that Bitcoin will outperform all other digital assets. Brandt previously stated that he was closely watching the Bitcoin dominance chart, which tracks the percentage of the total crypto market capitalization belonging to Bitcoin.

June 21 (Cointime) - Binance CEO CZ has shown his support for a new cryptocurrency exchange called EDX, which is backed by prominent financial institutions including Citadel Securities, Fidelity Investments, and Charles Schwab.

June 21 (Cointime) - Most cryptocurrencies have seen gains in today's market session, with the global market cap rising by 5.4% to $1.13T. Bitcoin has surged by 7.2% to trade at $28.8K, with a weekly gain of 11%.

June 21 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. At the time of writing, SOL's 4-hour timeframe was bearish and its buying volumes decreased at the range-high of $16.11.